quantguy
Long

The Best Way to Enter a Position in the S&P Today

FX:SPX500   S&P 500 Index
Stocks followed my Elliott Wave almost perfectly (save for the very last segment). Looks like they've broken out of the psychologically important 3000 level, but just barely. The real level to watch is 2975, as this represents the upper bound of the sideways corrective wave. This will provide support. Try to avoid honey-badgering your way into a long trade now. We are likely to see a squeeze before open. Note the Kovach Indicators remain really strong, supporting the overall bull trend.
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